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CTBB

Qwest Corp. NT

CTBB

Qwest Corp. NT • NYSE
$19.20 ▲ 1.30% (+0.25)
Market Cap $3.92 B
52w High $20.93
52w Low $13.89
Dividend Yield 1.62%
P/E 0
Volume 132.08K
Outstanding Shares 204.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.161B ▼ $221M ▼ $176M ▼ 15.159% ▼ $0 $434M ▼
Q2-2025 $1.206B ▼ $466M ▲ $277M ▼ 22.968% ▼ $0 $576M ▼
Q1-2025 $1.222B $185M $284M 23.241% $0 $596M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $36M ▲ $17.855B ▲ $4.875B ▼ $12.98B ▲
Q2-2025 $25M ▼ $17.828B ▲ $5.024B ▼ $12.804B ▲
Q1-2025 $40M $17.571B $5.044B $12.527B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $278M ▲ $989M ▲ $-254M ▲ $-739M ▼ $11M ▼ $1.019B ▲
Q2-2025 $175M ▼ $480M ▲ $-496M ▼ $0 $22M ▲ $-491M ▼
Q1-2025 $284M $453M $-439M $0 $14M $250M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q1-2025
Affiliate services
Affiliate services
 $550.00M ▲$560.00M ▲$570.00M ▲$480.00M ▼
NonAffiliate Services
NonAffiliate Services
 $850.00M ▲$830.00M ▼$790.00M ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement The issuer behind CTBB is clearly profitable, with revenue translating into strong gross and operating margins. Earnings after all costs remain healthy, suggesting the core business is not just covering its expenses but also generating a meaningful profit. The spread between operating profit and EBITDA looks comfortable, indicating that non‑cash charges and financing costs are manageable. That said, the data covers only a recent period, so it does not show how stable these profits are through cycles or industry shocks.

Balance Sheet

Balance Sheet The balance sheet shows a business anchored by a sizable asset base and a solid equity cushion, which together provide a reasonable buffer for creditors. Debt sits at a level that appears moderate relative to the company’s overall size, suggesting leverage is present but not extreme. Cash on hand is quite thin, so the company likely relies on ongoing cash generation and credit access rather than large cash reserves to meet obligations. Overall, the capital structure looks balanced, but the light cash position increases the importance of steady operations and financing flexibility.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations is strong and comfortably positive, which is a key support for any debt instrument like CTBB. The company is reinvesting a meaningful amount back into the network and infrastructure, yet it still produces a clear surplus of cash after these investments. This positive free cash flow suggests the issuer has internal capacity to service debt and fund maintenance and growth projects. However, because we only see one period, it is not clear how resilient this cash flow would be under stress or in a downturn.

Competitive Edge

Competitive Edge The credit behind CTBB ultimately depends on Lumen’s competitive position, since Qwest is part of that broader platform. Lumen’s extensive fiber network, long‑standing enterprise and government relationships, and global reach create high barriers for new entrants and form a meaningful competitive moat. Its shift toward being an infrastructure and technology partner for data‑intensive and AI‑driven applications aligns it with long‑term digital trends. At the same time, the telecom and connectivity markets remain crowded and price‑competitive, so maintaining differentiation through service quality, security, and scale is critical.

Innovation and R&D

Innovation and R&D Instead of traditional lab‑style R&D, the issuer’s innovation is centered on network upgrades, fiber expansion, edge computing, and software‑driven services. Lumen is pushing Quantum Fiber for high‑speed access, building edge computing sites for low‑latency workloads, and rolling out Network‑as‑a‑Service to let customers manage connectivity on demand. Security and analytics are being enhanced through offerings like Lumen Defender and partnerships with firms such as Microsoft and Palantir. The key question going forward is execution: turning these strategic projects into widely adopted, profitable services that refresh the legacy network’s earnings power.

Summary

CTBB represents debt tied to a mature but evolving telecom platform with solid current profitability and healthy cash generation. The underlying issuer combines a large, hard‑to‑replicate fiber network and deep enterprise relationships with an active push into AI‑ready infrastructure, edge computing, and security‑enhanced services. Financially, margins and free cash flow look supportive, and leverage appears reasonable, though the very low cash balance makes ongoing access to capital markets and sustained operating performance important. Overall, CTBB is linked to a business in the midst of a long‑term transition: its core infrastructure is a strength, but the long‑run outcome depends on how effectively Lumen converts its innovation strategy into durable, stable cash flows.